Investments: EU Commission releases six billion euros in funding for Germany
The funds in the Corona recovery fund are financed through common debt. The last tranche for Germany is to be used, among other things, for energy-efficient renovations.
The EU Commission has approved the disbursement of €6 billion in financial aid to Germany. The funds will be used for energy-efficient renovations of 36,000 buildings, purchasing electric vehicles and charging stations, and digitalization projects in over 1,600 hospitals. The money comes from an EU fund established in 2021 to mitigate the economic impact of the COVID-19 pandemic.
Germany will receive a total of €30.3 billion from the fund, and the payment is pending approval from the Economic and Financial Committee of the Council.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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